Updated from 7:02 a.m.
NEW YORK (TheStreet) -- Here are 10 things you should know for Thursday, Aug. 6:
1. -- U.S. stock futures were rising as investors look forward to jobless claims data and digest a sharp drop in media stocks.
European stocks were mixed Thursday, as investors await news of the Bank of England's announcement of its latest interest rate decision. London's FTSE 100 was down 0.46%, while in Paris, the CAC 40 was down 0.19%. In Frankfurt, the DAX fell back 0.09% despite some strong company results.
Asian stocks were mixed. In Japan, the Nikkei 225 finished the day up 0.24%. Hong Kong's Hang Seng ended 0.57% down, while in China, the Shanghai Composite slipped 0.89%.
2. -- The economic calendar in the U.S. on Thursday includes jobless claims data at 8:30 a.m. and Gallup's U.S. payroll-to-population numbers, also at 8:30 a.m.
Chain-store sales data also comes in Thursday.
3. -- U.S. stocks on Wednesday closed mixed to higher even though crude oil prices dropped and media company earnings disappointed.
4. -- Activist investor Bill Ackman of Pershing Square Capital Management has invested $5.5 billion in food maker Mondelez (MDLZ - Get Report). The investment amounts to a 7.5% ownership of the company, giving significant leverage over its direction.
In 2012, Mondelez spun off from Kraft Foods (which became Kraft Heinz Foods (HNZ) after a merger orchestrated in part by Warren Buffett's Berkshire Hathaway (BRK.A - Get Report)). Ackman may be looking to re-merge Mondelez with Kraft and Heinz, or possibly to find another merger partner. Nelson Peltz, another activist, had a similar idea a year and a half ago when he unsuccessfully tried to convince Mondelez to merge with PepsiCo (PEP - Get Report).
In premarket trading, Mondelez stock was leaping by 5.3%.
5. -- Electric carmaker Tesla (TSLA - Get Report) released earnings on Wednesday that disappointed investors. The company said it was lowering its estimates for car deliveries for the full year. For the full year, Tesla expects to deliver 50,000 and 55,000 vehicles; in May it said it was expecting to deliver 55,000 Model S and Model X cars total.
Tesla booked losses, but less than analysts expected. Tesla lost $184.3 million, or $1.45 a share, in the second quarter. Revenue was $1.2 billion. But Tesla said that after adjustments, the quarterly losses were just $61 million, or 48 cents a share, better than analyst estimates of an adjusted loss of 60 cents a share on $1.19 billion in sales.
Tesla added that its gull-wing SUV, the new Model X, will begin being delivered by Sept. 30.
In premarket trading, Tesla stock was down 6.7%.
6. -- After a 9.2% drop on Wednesday, Walt Disney (DIS - Get Report) stock is recovering slightly by 0.96%. Concerns that customers were cutting the cable cord drove the stock sharply down. Disney owns ESPN, a powerhouse sales driver for cable TV that nonetheless showed some weakness; Disney lowered its expected outlook for its cable business.
Other cable companies were stung by the suggestion that even the strongest cable-TV companies could lose subscribers. 21st Century Fox (FOXA) fell 7.2% on Wednesday and was falling 6.8% more in premarket trading, and CBS (CBS - Get Report) fell 4.5% Wednesday and 0.85% more in premarket trading Thursday.
7. -- There were 270,000 initial jobless claims last week, the Department of Labor reported. Economists consulted by Econoday had estimated that 273,000 new unemployment claims were made last week, so the number of claims was less than expected. The prior week, 267,000 new unemployment claims were made.
Unemployment claims have fallen to very low levels by historical standards. The unemployment rate is also low. Both suggest that the labor market is good and still improving.
Low unemployment may influence the Federal Reserve to raise rates sooner rather than later.
8. -- The Securities and Exchange Commission approved a new rule requiring companies to disclose the ratio of executive pay to the pay of the average employee. The decision, approved on a 3-2 vote on the SEC commission, was required by the 2010 Dodd-Frank financial reforms.
The question now is how shareholders, employees and the general public will take this information.
9. -- The U.S. trade deficit expanded by 7.1% in June, the Commerce Department said. The strong dollar was a major factor. The larger trade deficit shows that exports are hurting as U.S. goods become more expensive for worldwide buyers, and as foreign goods become relatively cheaper in the U.S.
The deficit is estimated to be $43.8 billion.
10. -- Earnings reports for Thursday include 3D Systems (DDD - Get Report), Allergan (AGN - Get Report), Apache (APA - Get Report), HSN (HSNI), Michael Kors Holdings (KORS), Orbitz Worldwide (OWW) and Plug Power (PLUG - Get Report) before the market's opening bell, and Consolidated Edison (ED - Get Report), Galena Biopharma (GALE), Groupon (GRPN - Get Report) and Monster Beverage (MNST - Get Report) after the closing bell.